Google has agreed to backstop Anthropic's $19 billion lease at TeraWulf's Kentucky data center, a site run by the bitcoin miner. If Anthropic defaults, Google could take over the lease or take a stake in the project. The episode also covers Payward's purchase of AAVE tokens and Standard Chartered's venture arm investing in Soter.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Google could take stake in TeraWulf’s $19B AI project
Read the original on Yahoo Finance ↗
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GOOGLAnthropicdata centersbitcoin
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Related tickers and likely impact
GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $3.5T |
| Close on 11/04/2026 | 288.99 |
| Change that session | +3.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Google backstops TeraWulf’s $19 billion Anthropic leases in Kentucky
TeraWulf said Google can take over Anthropic’s rent or pay a declining termination fee if Anthropic defaults, but this support starts only once the final data hall of each lease begins operating. The excerpt cuts off while discussing a guarantee from Fluor.
- Anthropic targets doubling computing capacity to 7 gigawatts next year, NYT report
According to the New York Times, Anthropic expects more than 3.5 gigawatts of computing capacity by the end of this year and aims to double that next year, enough electricity to power all the homes in Chicago. The company has accumulated $895.4 billion in commitments for data centers, chips and computing power through 2045, per its updated IPO prospectus, with nearly $70 billion expected to take effect over the next 12 months. It sources computing power from neoclouds Fluidstack, Lambda and Nscale and has major agreements with Google ($121.3 billion), Amazon ($110 billion), Microsoft ($44.9 billion) and SpaceX ($120.5 billion). The company is also taking a more hands-on role in infrastructure, hiring construction and supply-chain specialists and buying equipment such as cooling systems. The article notes that access to electricity and computing infrastructure is becoming a critical competitive advantage, while raising questions about returns on increasingly expensive capacity commitments.
- Anthropic is leasing data centers to reduce reliance on Amazon, Google, others
Anthropic (ANTH.PVT) says it is increasingly leasing AI data centers under its Anthropic Direct initiative, to meet its large computing needs beyond capacity bought from cloud providers such as Amazon (AMZN) and Google (GOOG, GOOGL). According to its S-1 prospectus made public on Monday, this hybrid model could also bring long-term economic advantages. In November 2025, the company announced a $50 billion investment in which Fluidstack will build data centers in Texas and New York. Meanwhile, data centers face opposition from communities over air and noise pollution and water use, with towns and counties issuing moratoriums or bans, and New York imposing a one-year statewide moratorium. Anthropic lists further moratoriums as a key risk factor and says it is expanding capacity internationally to reduce concentration risk in the United States.
- Google could take stake in bitcoin miner TeraWulf’s $19 billion AI project if Anthropic defaults
- Bitcoin miner Riot could pay Anthropic 12% interest under $28 billion AI deal
- Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss
Riot Platforms shares jumped more than 13% after it announced a 15-year, $28 billion AI data center lease covering 910 megawatts at its Corsicana, Texas, facility, lifting its total contracted data center revenue to about $38 billion across three leases this year. CEO Jason Les said nearly all expected cash flow will come from long-term leases once current deals are fully deployed, compared with dependence on Bitcoin prices a year ago. Riot's filing identifies the AI tenant as Anthropic, which will own and run the computing equipment; Riot estimates $5.5 billion in capital costs, financed mainly by lease-backed debt not yet secured, with the first phase due September 2027. Riot's third-quarter revenue was $181.4 million, up 1% year over year, and it sold 10,599 BTC to fund expansion. Hut 8 shares fell more than 22% at one point after third-quarter revenue dropped 15% to $71.1 million, below the $75.8 million analyst estimate, as asset sales and lower revenue per Bitcoin mined weighed; it has secured $7.5 billion in project bonds for two AI data center developments that have not yet generated lease revenue.
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